NAR: Home Sales "Likely to Have Reached a Cyclical Low"http://www.mortgagenewsdaily.com/02212019_existing_home_sales.aspExisting home sales fell again in January although the decline was a minor one compared to the 6.4 percent drop in December. The National Association of Realtors&reg; (NAR) said sales of single-family homes, townhomes, condominiums and co-ops ticked downenCommunityServer 2008 SP2 (Build: 31106.96)re: NAR: Home Sales "Likely to Have Reached a Cyclical Low"http://www.mortgagenewsdaily.com/02212019_existing_home_sales.asp#902056Tue, 26 Feb 2019 16:12:10 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:902056broker7here&#39;s a thought:
We are ever &quot;in the cycle,&quot; aren&#39;t we.
After the economic downturn, however, we should have learned a valuable lesson: had stronger Realtors not allowed home sellers to dictate outrageous pricesonce again, just to line their own pockets, we might not have once again brought the course to foreclosures or short sales, which I believe is coming more so, soon.
Now everyone suffers less value for the greed of the few.
New Home Sales lenders too, should get out of the lending business as they did some of the worst prime lending and brought about some of the worst products I&#39;ve ever seen. No wonder the catastrophic 2008 financial crash.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=902056" width="1" height="1">